A lift crane includes a carbody and movable ground engaging members mounted on the carbody. A rotating bed is rotatably connected to the carbody and includes a counterweight support frame including a rack coupled directly to a lower surface of the rotating bed. A boom is pivotally mounted to the rotating bed. A counterweight unit includes a trolley, the counterweight unit being in a movable relationship with respect to the rotating bed. A counterweight unit movement device is configured to move the counterweight unit toward and away from the boom. Other embodiments include a counterweight support beam movably connected to the rotating bed, the counterweight support beam including another rack coupled to a lower surface of the counterweight support beam. A counterweight support beam movement device is connected between the counterweight support beam and the counterweight support frame.